Tuesday, May 22, 2012
Merkel-Hollande Growth Pact
The headline reads "Merkel agrees fiscal consolidation and growth needed." This means EU spending (Keynesian-style government projects). The article specifically mentions "more flexible use of EU structural aid, a bigger role for the European Investment Bank and the introduction of 'project bonds' to foster investments in infrastructure like transportation and energy networks." Up to now, [...]
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